PALO ALTO, Calif.--(BUSINESS WIRE)--Oct 12, 2026--
Navan (NASDAQ: NAVN), the global AI-powered business travel and expense platform, today announced it has been selected by Investec, a leading international bank and wealth manager, to upgrade its global travel program.
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“As Investec continues its digital transformation, we’re excited to partner with an AI-first travel platform to increase adoption and improve operational efficiency,” said Lyndon Subroyen, Investec Group Chief Technology and Operating Officer.
As a dual-listed company in the United Kingdom and South Africa, Investec sought a partner to consolidate its travel operations, reduce administrative work, and improve the booking experience for its workforce. Investec needed a solution to increase platform adoption and help employees travel more cost-efficiently.
Key Anticipated Benefits:
“Navan is proud to help Investec modernize its global travel program,” said Zahir Abdelouhab, SVP, Enterprise Sales, EMEA, Navan. “This will be a lighthouse account in the banking sector, and when an organization as respected and influential as Investec puts this kind of focus on the travel experience, it sends a strong signal to the rest of the industry.”
Navan continues to build on its momentum in financial services, serving nearly 1,500 financial institutions globally, a 36% increase year over year in FY2026. Financial services companies are also increasing their investment in business travel: for the 12 months ended August 31, 2026, flight bookings were up 12%, hotel bookings were up 9%, and expense transaction volume was up 7% year over year. Navan serves multinational financial services companies and fintechs such as Visa, Paysafe, and Block.
About Navan
Navan (NASDAQ: NAVN) is the global AI-powered business travel and expense platform that makes travel easy for travelers. From finding flights and hotels, to automating expense reconciliation, with 24/7 support along the way, Navan delivers an intuitive experience travelers love and finance teams rely on. See how Navan customers benefit and learn more at navan.com.
About Investec
Investec Bank plc (‘IBP’) is the banking subsidiary of Investec plc. Investec plc is a FTSE 100 listed company which holds the majority of Investec Group’s non-Southern African businesses under a dual listed company structure. IBP partners with private, institutional and corporate clients, offering banking and investment services in the UK, Europe and certain other countries. IBP also offers wealth management services through its strategic combination with Rathbones Group. IBP has operated in the UK since 1992.
As part of the Investec Group, IBP is a purpose-driven organisation, dedicated to its core purpose of creating enduring worth. This means we will always strive to create long-term value for all stakeholders and contribute meaningfully to people, communities and the planet.
Further information can be found at www.investec.com.
Leading international bank and wealth manager chooses Navan to deliver an AI-first travel program
PUERTO VALLARTA, Mexico (AP) — Hurricane Simon pounded Mexico’s Pacific coast as a Category 3 storm on Sunday, its eye remaining just offshore as its most powerful winds and rain slammed people living between the Sierra Madre and the ocean.
The hurricane's center swirled parallel to the coast, closing in on the Puerto Vallarta area, where its most damaging winds and rain were expected to hit around midnight and continue through Monday morning. Its maximum sustained winds weakened late Sunday to 115 mph (185 kph), according to the U.S. National Hurricane Center in Miami, but it was still expected to remain a dangerous hurricane.
That’s not good news for people in and around Puerto Vallarta, a popular tourist destination in the state of Jalisco. Just inland and uphill from the resort areas, many Mexicans live in communities where housing might not stand up to the storm.
By late Sunday, Simon's eye was moving northwest about 45 miles (75 kilometers) south of Cabo Corrientes at about 5 mph (7 kph). A senior hurricane center specialist, Philippe Papin, said this westernmost tip of mainland Mexico is the area most likely to get a direct hit from the system. Cabo Corrientes is at the southern tip of Bahia de Banderas, the wide bay where Puerto Vallarta looks out to the Pacific.
Hurricane-force winds extend outward up to 15 miles (30 kilometers), and tropical-storm-force winds reach up to 60 miles (95 kilometers) from Simon’s center, meaning the entire area between Mexico's western coast and the Sierra Madre mountains could be affected.
“We’re expecting catastrophic wind and life-threatening storm surge impacts along that west-central coast of Mexico where the hurricane warning is currently in effect,” Papin said. “They’re also getting very heavy rainfall associated with the storm that’s likely going to produce life-threatening flooding and mudslides in areas of higher terrain along the Mexican coastline, and there will be significant swells.”
The hurricane center said Simon was expected to dump an additional 2 to 4 inches (5 to 10 centimeters) of rain, with some areas getting up to 8 inches (20 centimeters), in the states of Colima, Jalisco, Nayarit and Sinaloa through early Thursday.
Isolated totals of 30 inches (76 centimeters) were possible parts in Michoacan, Colima, and Jalisco states, producing life-threatening flooding and mudslides, the center said.
As the storm approached Puerto Vallarta, National Guard vehicles patrolled the streets while police used a megaphone to call out the few people who were jogging, walking their dogs or biking by the waterfront. Officers reminded people that the area was closed and urged them to take shelter. Not everyone followed the orders.
Jalisco state suspended classes on Friday and Monday in 22 coastal municipalities and began evacuating people from at-risk areas while asking the tourism sector to make sure workers and visitors are fully accommodated in shelters or safe zones.
Mexican President Claudia Sheinbaum took to the social platform X on Sunday to urge people in Jalisco, Colima, Nayarit and Michoacan to stay sheltered until the government issues a notification that the danger has passed. She also asked people to follow recommendations from civil protection officials and to avoid traveling on public roads.
“Precautionary evacuation efforts to safe zones are ongoing; the priority is our safety,” she wrote.
Hotel worker Víctor Martínez went shopping for nonperishable food Sunday afternoon. He said he could not go to work because public transportation service was suspended and most of the hotel had been evacuated.
Martínez found people’s concerns about the hurricane comforting.
“It happened to us before. It hit us years ago,” Martínez said, referring to a Category 5 hurricane that hit the area in 2002. “People didn’t expect it. We were very skeptical that it would ever hit us. Now, though, we’re different. Precautions are being taken. It happened to us once, and we won’t let it happen again.”
Despite the risks posed by Simon, tourists were still arriving in Puerto Vallarta.
Visitors Ricardo Ramírez and Brenda Villarreal, who have never lived through a hurricane, went looking for food by the city’s boardwalk and came across police urging people to take shelter. Ramírez said they were completely unprepared for the situation.
“The boardwalk is closed. Be responsible. Understand!” police told passersby using a megaphone.
Ramírez said he and Villarreal had planned their four-day vacation since last year and traveled from Guadalajara, Jalisco’s capital.
“We don’t know the extent of the danger yet,” Villarreal said. “We’re just starting to see what’s going on.”
This article has been edited to correct the spelling of Philippe Papin's name.
A National Guard on patrol faces the spray at the seawall as Hurricane Simon approaches Puerto Vallarta, Mexico, Sunday, Oct. 11, 2026. (AP Photo/Fernando Llano)
A National Guard stands in the spray as a wave hits the seawall brought by the approaching Hurricane Simon in Puerto Vallarta, Mexico, Sunday, Oct. 11, 2026. (AP Photo/Fernando Llano)
A National Guard patrols along the seawall as Hurricane Simon approaches Puerto Vallarta, Mexico, Sunday, Oct. 11, 2026. (AP Photo/Fernando Llano)
Tourists walk along the coast as Hurricane Simon approaches Puerto Vallarta, Mexico, Sunday, Oct. 11, 2026. (AP Photo/Fernando Llano)
Tourists take photos of a water splashing against the wall as Hurricane Simon approaches Puerto Vallarta, Mexico, Sunday, Oct. 11, 2026. (AP Photo/Fernando Llano)
Workers place sandbags outside a restaurant as Hurricane Simon approaches Puerto Vallarta, Mexico, Saturday, Oct. 10, 2026. (AP Photo/Fernando Llano)
This satellite image provided by the National Oceanic and Atmospheric Administration, or NOAA shows Hurricane Simon in the Pacific on Saturday, Oct. 10, 2026. (National Oceanic and Atmospheric Administration via AP)
A man boards up a shop as Hurricane Simon approaches Puerto Vallarta, Mexico, Saturday, Oct. 10, 2026. (AP Photo/Fernando Llano)
The Flying Men of Papantla perform the "Danza de los Voladores" on the beach as Hurricane Simon approaches Puerto Vallarta, Mexico, Saturday, Oct. 10, 2026. (AP Photo/Fernando Llano)
A man places a window covering on his boat as Hurricane Simon approaches Puerto Vallarta, Mexico, Saturday, Oct. 10, 2026. (AP Photo/Fernando Llano)
